Can Tho gets $90m for urban upgrade

Update:
June, 19/2012 - 10:16

|

CAN THO — Can Tho City in the Cuu Long (Mekong) Delta has received more than US$90 million to upgrade its urban areas. Of the total, $69.9 million was sourced from the World Bank and the remainder from the Vietnamese Government.

The smaller Can Tho project will upgrade infrastructure in low-income residential areas, and improve electricity, and drainage systems.

Pipes to supply clean water will be laid in some residential areas, five main roads in Cai Rang District's Le Binh Ward will be upgraded, Bun Xang Reservoir will be improved, and more clinics, schools, and markets built.

The project, which will benefit 45,000 people and improve the lives of half a million more, will be implemented in two phases, from 2012-14 and from 2015-17.

However, when the larger project is completed in 2018, it will help improve living conditions for 150,000 poor people and indirectly benefit more than 1.8 million

On May 14 this year, the Vietnamese Government and the World Bank signed an agreement worth over US$392 million to fund the whole project. — VNS